The resale value R​ (in dollars) of a company car after t years is estimated to be given by R(t)=22,500(0.84)t. What is the rate of depreciation​ (in dollars per​ year) after 4 ​years?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....
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The resale value R​ (in dollars) of a company car after t years is estimated to be given by

R(t)=22,500(0.84)t.

What is the rate of depreciation​ (in dollars per​ year) after

4

​years?

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